Block 8
6 East African Countries Set to Benefit From the IMF’s $1.92 Billion Funding
The International Monetary Fund has agreed to a funding program with six East African countries. So far, the global lender has approved the payment of $620.65 million in budgetary support for them including Rwanda, Tanzania, and the Democratic Republic of Congo (DRC). This is a small part of the commitment that totals $1.92 billion. The…
10 African Countries With the Highest Debts to the IMF
The International Monetary Fund (IMF) is a key player in global finance, offering monetary assistance to governments suffering economic difficulties. However, these loans from the IMF can have deep and varied effects on their economy. These effects are felt in some parts of Africa, particularly in regions where the debt is unsustainable. Typically as a…
Israel’s Supreme Court Overturns Key Component of Netanyahu’s Polarizing Judicial Overhaul
JERUSALEM — Israel’s Supreme Court on Monday struck down a key component of Prime Minister Benjamin Netanyahu’s contentious judicial overhaul, a decision that threatens to reopen the fissures in Israeli society that preceded the country’s ongoing war against Hamas. Those divisions were largely put aside while the country focused on the war in Gaza, which was…
Kenyan Police Arrest Two Suspects in Connection to Murder of Ugandan Athlete
Kenyan police said they had arrested two people in connection with the weekend stabbing to death of Ugandan athlete Benjamin Kiplagat. The two men – believed to be in their 30s – were arrested on the outskirts of the Rift Valley town of Eldoret, local police commander Stephen Okal said on Monday. “The two suspects…
President Museveni Meets South Korean Evangelist Ock Soo Park, Unveils Plan to Set Up Mindset Institute in Uganda
President Yoweri Kaguta Museveni has today met and held discussions with Rev. Dr. Ock Soo Park, a South Korean evangelist at his country home in Rwakitura, Kiruhura District. Rev. Dr. Park is the founder of the International Youth Fellowship, a worldwide youth organisation and international NGO based on Christian mindset; aimed at raising leaders with…
In Hot Soup: Katatumba Family To Evict Indian Businessman Mukesh Out Of Shumuk House After Losing Legal Battle
In November this year, High court judge Justice Esta Nambayo of Civil Division’s court directed controversial city businessman Mukesh Shukla to pay costs and damages to Attorney General Kiryowa Kiwanuka after dismissing his Shs50bn case resulting from his business rivalry with late Bonny Mwebesa Katatumba. Shumuk through his lawyers led the Court to order President…
Sad: Top Bank Of Uganda Officer Perishes In Entebbe Expressway Accident
An official of the Bank of Uganda has died in an accident along the Kampala-Entebbe Expressway. The accident occurred on Sunday morning near Kajjansi Road Toll. “Tragically, early this morning, a fatal accident occurred on the Kampala—Entebbe Expressway. The car rolled several times, the driver died on spot,” said Allan Ssempebwa Kyobe, the Spokesperson of…
9 Common Symptoms of Vitamin D Deficiency You Didn’t Know About
Vitamin D is essential for several bodily functions, including the absorption of calcium and the maintenance of bone health. A deficiency in vitamin D can lead to various health problems. Here are some common signs and symptoms of vitamin D deficiency: 1. Bone pain and muscle weakness: Vitamin D is crucial for calcium absorption, and a deficiency…
Quite Regrettable! AfDB Threatens to Suspend Funding for Kampala Roads
The African Development Bank Group (AfDB) has threatened to suspend the disbursement of almost US$ 288m to Uganda meant for the rehabilitation of Kampala’s dilapidated road infrastructure system. The loan was effective July 2021. However, the bank said Uganda has failed to provide counterpart funding and has non-compliance with environmental and social safeguards. “In line…
Pakistan Bans New Year Celebrations in Solidarity With ‘Oppressed’ Palestinians
Pakistan’s caretaker prime minister, Anwar-ul-Haq Kakar, on Thursday announced a nationwide ban on New Year celebrations in solidarity with Palestinians as Israel continues its military campaign to crush Hamas in the Gaza Strip. “The whole Pakistani nation and the Muslim world are in a state of deep grief over the genocide of unarmed Palestinians, especially…